Eyeing growth and expansion, San Antonio-based GlobalScape Inc. announced Tuesday that its revenue in the first quarter of 2012 grew to nearly $5.4 million. Still, the company reported a net income loss of $253,000.

In the three months that ended March 31, GlobalScape's total revenue jumped 16 percent from the nearly $4.7 million the company generated during the first quarter of 2011. Success in this area was attributed to the growing sales of its enterprise solutions and increase in recurring revenue from its managed solutions business, said Jim Morris, the company's CEO.

GlobalScape is a technology company that provides tools for clients to exchange digital information securely.

During the first quarter, the company signed a contract with Microsoft Corp. The technology juggernaut selected GlobalScape for its Enhanced File Transfer Server solution, which will be used to handle the secure transmission of files between Microsoft support and its customers, Morris said.

He added that GlobalScape is still on track to achieve $25 million in revenue for the year.

Net income fell substantially from the nearly $60,000 reported at the same time last year. The loss was pinned solely on the $9 million acquisition of Seattle-based TappIn Inc. late last year, said Craig Robinson, the company's president and chief operating officer. Although the TappIn acquisition is not cash flow positive, Morris expects that it could produce positive revenue in the second half of the year.

To foster TappIn's growth and to have access to technology talent, GlobalScape has opened a 5,300-square-foot office in downtown Seattle, Robinson said. Currently, 10 employees work there, but there are plans to add more, he added.

“Since it's a hot area for technology talent, we just view this as a very strong move,” Robinson said.